Editorial Introduction: The Transformation of Finance and Investment: Information and Technology Revolutions

Aimilios Avgouleas, Iris Chiu, Pierre Schammo

Research output: Contribution to journalEditorialpeer-review

Abstract

Since the great financial crisis in 2008 and the near collapse of the global financial system, two themes have dominated policy-making, law reform and the academic debate: taming systemic risk and harnessing technological innovation. Both themes have been incredibly complex and multi-faceted and to some extent inter-linked. The promise of technological innovation in terms of more efficient, speedier and more cost-effective markets has been great from the outset. Even more so since the recent emergence of financial technology firms (Fintechs) which have made great inroads in the payments sector. The same applies to the application of new technology in the sphere of financial intermediation by means of new business models/techniques such as peer-to-peer (P2P) lending, crowdfunding platforms, or the emergence of initial coin offerings (ICOs) as part of the controversial cryptoassets industry. Great are also the risks and perils emanating from these rapid developments, especially risks to the consumer, the integrity of financial markets, and the protection of finan-cial user data from commercial exploitation or worse, e.g., behavioural profiling in the context of loan approvals
Original languageEnglish
Pages (from-to)1-6
Number of pages5
JournalEuropean Business Organization Law Review
Volume20
Early online date19 Feb 2019
DOIs
Publication statusE-pub ahead of print - 19 Feb 2019

Keywords

  • Fintech
  • blockchain
  • smart contracts

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